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Hang Sang (Siu Po) Narrows Annual Losses

Hang Sang (Siu Po) Narrows Annual Losses

Hang Sang (Siu Po) International Holding Co. Ltd. (HK:3626) has released an update.

Hang Sang (Siu Po) International Holding Co. Ltd. reported a significant reduction in its annual loss, from HK$25,965,000 in 2023 to HK$2,306,000 for the year ended 30 June 2024. The company saw an increase in revenue from HK$54,414,000 to HK$70,028,000, alongside a decrease in selling expenses and no impairment losses on non-financial assets, which contributed to the improved financial performance. Despite the reduction in losses, the company still experienced a basic and diluted loss per share of HK1.30 cents.

For further insights into HK:3626 stock, check out TipRanks’ Stock Analysis page.

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